Juana D. J. is a beautiful young Haitian woman, who moved to the Dominican Republic with her family in hopes of finding more opportunity and a better life for her children. She is a single mom, and lives with her two children (ages 3 and 8). Her 8 year old son attends school, but her youngest child spends every day with her, either at their house or working. With this loan Juana wants to buy a large supply of shampoo, conditioner, and other hair products to sell. She will start by selling these items on the streets, but eventually wants to have a small shop to run her business out of. Juana told us that when she isn’t working, she loves reading and going to the beach!
Esperanza wants to thank the Kiva lenders in advance for supporting this group of amazing women. God Bless!
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.